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GBPJPY Potential Forecast | 19th December 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts for this week. Trade idea: 1. Price is currently on a downtrend on the lower timeframe. 2. We could see clear bearish orderflow in recent price action. 3. Price could potentially head up to clear the imbalance present marked by the green zone. 4. Will be look for confirmations on M1 to M5 timeframes to enter on shorts at the green zone. Things to look out for: - However, I do notice that price has validated and respected the demand zone at the bottom. This serves as a risk to us as validation of the demand zone could mean for price to continue heading up and without strength to continue down. Hence, we will await proper confirmations like a break of structure before entering shorts at our green zone. All in all, I will be awaiting short confirmations on GBPJPY. Regards, Chern Yu
Short
by Jon_Jones_Junior
9
GBPJPY for a lower low 🦐After our previous idea, GJ broke and reached the lower support with some movement to the upside. The market is now trading above a support and according to Plancton's strategy if the market will satisfy the condition we can set a nice short order for a lower low. Being the last trading day of the week it might be risky to open positions. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
GBPJPY Potential Forecast | 28th November 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts that could potentially play out during NY session. Trade Idea 1) Price have cleared the supply zone and pushed lower 2) Structure has been broken and a lower low and high has been formed 3) Price inefficiency can be seen and expecting price to retrace and clear the H4 high marked by the zone 4) Anticipating price inefficiency to be cleared To look out for: - Price is currently respecting the area of demand zone and this could prevent price from heading lower if it continues to respect the zone. All in all, I believe that price can potentially head lower as mentioned in my GBPJPY set up that I talked about on the 27/11/22. Trade safe guys! Regards, Chern Yu
Short
by Jon_Jones_Junior
3